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EBRD and IDB unit to launch $120m SME fund for Arab states

Reuters – The European Bank for Reconstruction and Development and the private sector arm of the Islamic Development Bank will launch a $120m fund to support small businesses in the southern and eastern Mediterranean region. The fund is part of the first agreement between the EBRD and the Jeddah-based Islamic Corporation for the Development of …

Daily News Egypt

Egyptian economy in freefall

Egypt’s ultimate economic policy challenge lies in how to reconcile the high expectations of ordinary Egyptians for better livelihoods while reducing the deficit and improving Egypt’s economy

Daily News Egypt

SMEs receive support from Social Fund for Development

By Waleed Abel Azeem The National Bank for Development (NBD) is awaiting approval for an EGP 150 million grant from the Social Fund for Development Fund (SFD), according to Ahmad El-Masry, Director of Corporate Affairs at the bank. El-Masry said the grant would be directed to finance small and medium enterprises (SMEs) in according with …

Daily News Egypt

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